In a recent address, European Central Bank President Christine Lagarde cautioned that a shift towards protectionism is increasingly apparent in the global landscape, potentially undermining the principles of openness that have long fostered international trade and cooperation. Her remarks come amid rising geopolitical tensions and a growing trend of economic nationalism, which could pose significant challenges to the established order of global commerce.

Lagarde emphasized the crucial role of the euro in this evolving context, advocating for its use as a vehicle to enhance global trade and strengthen economic ties among nations. By reinforcing the euro's position in international markets, she believes Europe can counteract the pressures of protectionism and ensure a more resilient economic framework that benefits all member states.